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Online Betting Australia

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By Daniel Bennett & others Updated
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1. Unibet Sports
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Online betting is not only a wonderful form of entertainment but also an excellent opportunity for in-the-know punters and complete novices alike to make huge profits from top sports like soccer, tennis and horse racing. Whether it’s a simple prediction such as the match result or correctly predicting the first scorer in a basketball game, the list of ways to win is seemingly endless. Not sure where to start? Our beginner’s guide will take you through everything you need to know before you start placing your wagers at a top online betting site.

Beginner’s guide to online betting

 

Why bet online?

There’s nothing stopping you from heading out onto the high street and placing your bets with a land-based bookie, but the advantages of betting online simply can’t be ignored. There’s the obvious – being able to bet anytime, any place frees you from the confines of the local betting shop, thanks to mobile-friendly betting sites as well as native mobile betting apps. Plus, many of the best online betting sites allow you to bet in-play on a huge number of sports, while you watch the action unfold on high definition live streams. As if that wasn’t enough, the ability to cash-out online puts full control in the hands of the punter, allowing you to cut your losses early on or claim a win before things take a turn for the worst.

Find the best value

Sure, betting on sport is fun, but we’re all looking for a nice return when putting our hard-earned money on the line. It goes without saying – every bettor is after the best prices available. When comparing, you’ll probably find that most prices on major sports are quite similar, but there are a few features that set the contenders apart from the pretenders. Can you get a bonus on your accumulator? Are there any money back specials or price boosts on offer? There are usually great ways of measuring which betting site offers the best value for punters.

Betting Odds

When comparing prices, the way they’re presented might make them tough to decipher for complete newcomers. Markets aren’t priced like items at a supermarket, but are instead assigned betting odds. Betting odds simply indicate the payout you’ll receive from the bookmakers if your bet is a winner. These odds are usually presented in one of three formats:

  • Fractional – Here, your potential winnings are given as a fraction of your stake. For example, odds of 1/1 means that if you place a $5 wager, you’ll receive $5 in winnings and have your original stake returned for a total of $10.
  • Decimal – This is simply the multiple of your stake that you’ll receive for a winning bet. So if you place a $10 wager on a market with decimal odds of 2.5, you can expect a $25 return.
  • American – American odds are a completely different ball game. The bookies’ favourites come with a – or + symbol attached for favourites and underdogs, respectively. The higher the value, the larger the underdog. For instance, a -500 favourite has a better chance of winning than a -200 favourite, while a +100 underdog has a better chance of winning than a +600 underdog.

Online betting markets

The best online betting sites deliver a stellar choice of betting markets for punters. Betting markets are the outcomes available for betting on any given match. We aren’t just talking the number of different sports available to bet on, but also the choice of betting markets within each match, such as the match result, handicap and winning margin markets. While there’s often little to choose between the biggest brands when it comes to major sports like soccer, you’ll find a fair amount of variation in market coverage from bookie to bookie when looking to bet on more obscure sports and competitions.

In-play betting

You can be forgiven for thinking you’re limited to pre-match markets at the top online betting sites. Whilst this used to be the case, live betting is now one of the most important features to consider when choosing a top online betting site. Placing bets during a live game can present more favourable opportunities and odds for punters, depending on how a game is unfolding.

Ready to place your bets?

Now we’ve shown you the ropes, you’re sure to have a better idea of what to look out for before signing up at an online bookmaker. Check out our carefully curated list for the premier selection of the best betting sites available today. With plenty of sports for you to bet on, from American Football to UFC, we’ve got you covered. Once you’ve picked out one that ticks all your boxes, simply sign up and start betting online today!

Your Questions Answered

How do I deposit funds to my betting account?

It’s pretty simple, really. Once you’ve signed up to an account at your chosen bookmaker, head to the banking, payments or cashier section. Most punters will deposit with a debit card or bank transfer – which simply requires entering your details into a form. If you’d rather use an eWallet like PayPal, it’s a s simple as signing in and depositing your chosen amount.

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check the content on this page:

Daniel is the editor-in-chief at Compare.bet. He has half a decade of experience writing on topics including sports betting, online casino and the NBA. Daniel also covers Premier League football for The Warm-Up and has interviewed Louis Saha, Richard Dunne and Gary Pallister. In his spare time, Daniel enjoys film photography and making Spotify playlists.
Noel is a writer for Compare.bet with over a decade of experience writing on topics including online casino and sports betting.